The UCC imposes the same standard of conduct on merchants as it does on consumer

Question

The UCC imposes the same standard of conduct on merchants as it does on consumers.

True

False

2 points   

QUESTION 27

Under the UCC, an offer to buy goods can be accepted by a prompt shipment of the goods.

True

False

2 points   

QUESTION 28

Before any insurable interest or risk of loss in specific goods can pass from the seller to the buyer, the goods must exist and be identified to the contract.

True

False

2 points   

QUESTION 29

A worker whose job is terminated can still participate in the employer’s health plan for up to 18 months through COBRA.

True

False

2 points   

QUESTION 30

Employees who deal with third parties are agents of their employers.

True

False

Explanation / Answer

1) The UCC imposes the same standard of conduct on merchants as it does on consumers - TRUE

2) Under the UCC, an offer to buy goods can be accepted by a prompt shipment of the goods - FALSE

3) Before any insurable interest or risk of loss in specific goods can pass from the seller to the buyer, the goods must exist and be identified to the contract - TRUE

4) A worker whose job is terminated can still participate in the employer’s health plan for up to 18 months through COBRA - TRUE

5) Employees who deal with third parties are agents of their employers - TRUE

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